Using the given table find out the quantity where mc atc., Ask an Expert

Economics

Using the given table, find out the quantity where MC = ATC. Find out the quantity where ATC is at its minimum. Find out the quantity that is the most efficient operating point for the firm.

The table
Output Costs TFC TVC AFC AVC ATC MC
0 $100
1 $150
2 $225
3 $230
4 $300
5 $400

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9293168

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